St. Louis Fed Appoints Members to Community Banking Advisory Council

The Federal Reserve Bank of St. Louis has appointed four new members to its Community Depository Institutions Advisory Council (CDIAC), which advises St. Louis Fed President James Bullard on the credit, banking and economic conditions facing council members’ institutions and local communities.

The new members who will serve three-year terms starting in 2022 are:

• Michelle Coleman, CEO, Bank of Edmonson County, Brownsville, Ky.
• Luanne Cundiff, president and CEO, First State Bank of St. Charles, St. Charles, Mo.
• Robert “Jeff” May, president and CEO, Banterra Bank, Marion, Ill.
• Kevin Sparks, president and CEO, Crane Credit Union, Odon, Ind.

Other members who will continue their service this year are:

• Margaret “Marnie” Oldner, CEO, Stone Bank, Mountain View, Ark.  (CDIAC Chair)
• Joseph T. “Joe” Henderson, executive vice president and chief credit officer, Central Bancompany, Jefferson City, Mo.
• Robert “Bob” McKay, president and CEO, Together Credit Union, St. Louis
• Charles “Chuck” Morgan Jr., chairman and CEO, Relyance Bank, Pine Bluff, Ark.
• Bertram “Buddy” Mortimer, president and CEO, Bank of Kilmichael, Kilmichael, Miss.
• Robert S. Shaw  Jr., co-founder, CEO and director, Paragon Bank, Memphis, Tenn.
• Samuel T. Sicard, president and CEO, The First National Bank of Fort Smith, Fort Smith, Ark.
• John Taylor, president and CEO, Limestone Bank, Louisville, Ky.

Established in 2011, the St. Louis Fed’s CDIAC comprises 12 executives of smaller financial institutions headquartered across the Federal Reserve’s Eighth District. The council meets twice a year at the Federal Reserve Bank of St. Louis, with this year’s meetings scheduled for March 17-18 and Oct. 18-19. The chair of the CDIAC also has the responsibility of reporting twice yearly to the Federal Reserve Board of Governors in Washington, D.C.

Visit the St. Louis Fed’s CDIAC page for more information. For information and background about all of the Federal Reserve CDIACs, see the Federal Reserve Board of Governors website.